1135 Light St Baltimore, MD 21230

This exceptional mixed-use property, located at 1135 Light Street in Baltimore, Maryland's vibrant Federal Hill neighborhood, presents a compelling value-add investment opportunity. The property consists of two buildings totaling 5,247 square feet situated on a 2,195 square foot corner lot. Currently featuring a mix of retail and multifamily units, the property offers significant upside potential. The ground floor, previously occupied by a long-term tenant, is currently vacant and ready for lease, offering immediate cash flow opportunities. The upper floors house three well-maintained apartments, each with separate utilities and generating a combined annual rental income of $47,100. These apartments boast large layouts, abundant natural light, and individual mini-split heating and cooling systems. The property benefits from a 75% occupancy rate and a pro-forma NOI of $87,371. Built in 1920, the property is zoned C-1, allowing for a variety of uses. Its prime location in Federal Hill, a highly sought-after area with a median household income of $85,310, provides excellent visibility and accessibility. The property is conveniently located near major highways (I-95, I-395, and I-83), the Inner Harbor, Oriole Park at Camden Yards, and Ravens Stadium, as well as numerous restaurants, shops, and entertainment venues. The current below-market rents on the apartments present a clear path to increased profitability. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving Baltimore neighborhood with substantial potential for redevelopment and increased returns.